The Association of Bureau De Change Operators of Nigeria (ABCON) has debunked rumours that it directed its members to shut down their operations in Abuja due to the scarcity of foreign Market exchange.
Some media reports had claimed that black market dealers in Abuja had stopped trading on Thursday, February 1, 2024, following an instruction from their association and the sharp decline of the Naira against the US dollar at the official window.
However, ABCON issued a circular on the same day, titled “Clarification On No Sales Policy/Shutdown Of Market In Abuja”, to refute the allegations and urge its members to carry on with their normal activities in compliance with the guidelines.
The circular, which was signed by the national president, Alhaji Aminu Gwadabe, and the regional chairman of the North Central, Alh. Shehu Mahmud, stressed the need to swiftly counter misinformation that could cause panic and uncertainty among the public, businesses, and investors.
The statement explained that the information about the purported shutdown did not emanate from the central body or the zonal council of ABCON, and assured members that they would follow due process and channels to express any grievances as professional and licensed Bureau De Change operators under the regulation of the Central Bank of Nigeria (CBN).
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The circular also advised members to abide by the law and continue their operations smoothly, stating that the Association had not given any directive to close the market.
ABCON appealed to members to help dispel any false notions by spreading this information through appropriate means.
(Newsdesk)